India’s core sector output increased by 8.4% in April

Electricity generation witnessed a 10.7% YoY growth

June 1, 2022

The core sector output in India increased by 8.4% in April, being the fastest to grow in six months.

The Index of Eight Core Industries (ICI) which comprises about 40% of the growth index for Industrial Production (IIP) declined 9.5% last month.

Electricity generation was the only sector to record a sequential growth, rising from 0.8% from March onwards.

The Cement output increased by 8%, steel declined by 0.7% from a year ago.

The core sector output in India increased by 8.4% in April, the fastest in six months with crude oil and steel among the eight infrastructure industries comprising the index to record a marginal decline in production from the year-earlier period.

However, as seen on a sequential basis, the Index of Eight Core Industries (ICI) which comprises about 40% of the growth index for Industrial Production (IIP) declined 9.5% last month from March 2022. 

Electricity generation witnessed a 10.7% YoY growth and was the only sector to record a sequential growth, rising from 0.8% from March onwards. 

Coal output also decreased slightly which was 28.8% higher than in April 2021, and shrank 25.6% from the preceding month’s levels. Cement output increased by 8%, steel declined by 0.7% from a year ago, but both contracted 13.6% as compared to the preceding month’s levels. Fertilisers and refinery products also saw an increase of 8.7% and 9.2% year-on-year, respectively, but fell 10.9% and 5.5% from March.